Fintechs (Not Banks) Could Reap Windfall From $800 Billion Opportunity in US Equity Market 

Fintechs (Not Banks) Could Reap Windfall From $800 Billion Opportunity in US Equity Market 

As the global pandemic changes life as we know it, accelerating the homework culture, shifting priorities and creating an increasing demand for zoom conferences, fintech solutions are quickly entering the banks – the Blockbuster video on their Netflix. The digital shift could create a $…

Furlough fraud and payment errors may have cost up to £3.5 billion

Furlough fraud and payment errors may have cost up to £3.5 billion

Up to £3.5 billion could have been paid out in wrong or fraudulent claims for the furlough scheme, the government suspects. Jim Harra, the top civil servant at HMRC, said that his staff believe between five per cent and 10 per cent of furlough cash…

Warning over coronavirus cash scams as taxpayers set to lose £8 billion

Warning over coronavirus cash scams as taxpayers set to lose £8 billion

Scammers are targeting coronavirus cash rescue schemes and could end up fleecing the Government of almost £8 billion, a report has warned. Businesses and individuals could also lose money to fraudsters taking advantage of demand for financial help. The Policy Exchange think tank said the…

Elon Musk now world's third-richest person after net worth soars to £85 billion

Elon Musk now world's third-richest person after net worth soars to £85 billion

Elon Musk is now the third richest person in the world. The Tesla CEO’s net worth increased to a staggering $115 billion (£85 billion) this week after the electric car company’s stock increased by 12% on Monday. The 49-year-old has now overtaken Mark Zuckerberg to…